This report describes the semi-aggregate model (SAM) developed to deliver aggregate projections of social protection expenditures as well as semi-aggregate projections of income sources by age class and gender for a number of European countries (Denmark, France, Germany, Italy, Latvia,...

This paper focuses on alternative money's worth measures of the Italian (public) pension system for representative cohorts, considering both the present transition and the future steady state envisaged by recent reforms. Micro-based calculations of the aggregate budget effects induced by further...

A growing body of literature shows that financial literacy affects household savings and investment choices. Less attention has, however, been devoted to its effect on debt behavior. This paper contributes to filling this gap by considering how financial literacy influences household attitudes...